Dollar steadies ahead of Iran-US conflict outcome

The article indicated that the movement of the US dollar was limited, with market caution persisting globally due to the escalation of the military confrontation between the United States and Iran, especially after renewed and intensified exchanges of strikes in the Strait of Hormuz. The dollar index remained steady around 100.72 points, with expectations largely unchanged that the Federal Reserve will not adjust interest rates at its upcoming meeting, due to geopolitical uncertainties and inflationary pressures resulting from regional tensions. The British pound also saw an increase of 0.13% as interest in political changes in Britain grew. Meanwhile, US monetary policy expectations remain a topic of debate, with hints of a possible tightening stance to combat inflation. Investors also watched the dollar decline against the Chinese yuan to 6.7663 yuan, following the People's Bank of China's rate cuts, while the dollar steadied at 162.34 yen against the Japanese yen, reflecting market anticipation amid ongoing tensions and financial and monetary forecasts.

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